Wednesday, September 19, 2018

© Reuters.  Morocco stocks higher at close of trade; Moroccan All Shares up 0.46%© Reuters. Morocco stocks higher at close of trade; Moroccan All Shares up 0.46% – Morocco stocks were higher after the close on Friday, as gains in the Utilities, Software & Computer Services and Holding Companies sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.46%.

The best performers of the session on the Moroccan All Shares were Saham Assurance (CS:SAH), which rose 9.93% or 148 points to trade at 1638 at the close. Meanwhile, Hps (CS:HPS) added 6.53% or 95.00 points to end at 1550.00 and IB Maroc Com SA (CS:IBC) was up 6.08% or 7.90 points to 137.90 in late trade.

The worst performers of the session were SMI (CS:SMI), which fell 5.41% or 200 points to trade at 3500 at the close. Snep (CS:SNP) declined 2.19% or 15.00 points to end at 670.00 and Wafa Assurance (CS:WASS) was down 1.61% or 80 points to 4899.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 26 to 18 and 5 ended unchanged.

Shares in Saham Assurance (CS:SAH) rose to all time highs; up 9.93% or 148 to 1638. Shares in Hps (CS:HPS) rose to 5-year highs; rising 6.53% or 95.00 to 1550.00.

Crude oil for November delivery was up 1.68% or 0.85 to $51.45 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 1.67% or 0.94 to hit $57.19 a barrel, while the December Gold Futures contract rose 0.52% or 6.76 to trade at $1303.26 a troy ounce.

EUR/MAD was up 0.01% to 11.1300, while USD/MAD rose 0.04% to 9.4085.

The US Dollar Index Futures was down 0.02% at 92.92.

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